Louisiana State Employees Retirement System Sells 1,000 Shares of Waste Management, Inc. (NYSE:WM)

Louisiana State Employees Retirement System reduced its position in Waste Management, Inc. (NYSE:WM) by 4.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,600 shares of the business services provider’s stock after selling 1,000 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Waste Management were worth $3,955,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of WM. International Assets Investment Management LLC increased its holdings in Waste Management by 94,414.4% in the 3rd quarter. International Assets Investment Management LLC now owns 2,591,584 shares of the business services provider’s stock valued at $538,013,000 after buying an additional 2,588,842 shares during the period. Swedbank AB increased its holdings in Waste Management by 67.2% in the 3rd quarter. Swedbank AB now owns 1,765,594 shares of the business services provider’s stock valued at $366,537,000 after buying an additional 709,678 shares during the period. Parnassus Investments LLC increased its holdings in Waste Management by 11.3% in the 3rd quarter. Parnassus Investments LLC now owns 5,120,772 shares of the business services provider’s stock valued at $1,063,072,000 after buying an additional 520,096 shares during the period. Diamond Hill Capital Management Inc. grew its holdings in shares of Waste Management by 32.1% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 1,801,842 shares of the business services provider’s stock valued at $374,062,000 after purchasing an additional 437,613 shares during the last quarter. Finally, National Bank of Canada FI grew its holdings in shares of Waste Management by 138.0% during the 3rd quarter. National Bank of Canada FI now owns 718,546 shares of the business services provider’s stock valued at $149,168,000 after purchasing an additional 416,579 shares during the last quarter. 80.40% of the stock is owned by institutional investors.

Analyst Ratings Changes

WM has been the topic of several research reports. Truist Financial lifted their price target on shares of Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. UBS Group lifted their price target on shares of Waste Management from $220.00 to $226.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. William Blair reaffirmed an “outperform” rating on shares of Waste Management in a report on Friday, January 31st. Scotiabank lifted their price target on shares of Waste Management from $250.00 to $255.00 and gave the company a “sector outperform” rating in a report on Monday, February 3rd. Finally, Morgan Stanley boosted their target price on shares of Waste Management from $227.00 to $235.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Ten research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Waste Management has a consensus rating of “Moderate Buy” and a consensus target price of $234.50.

Waste Management Stock Up 0.3 %

Shares of NYSE WM opened at $227.42 on Thursday. The company has a market capitalization of $91.28 billion, a P/E ratio of 33.44, a price-to-earnings-growth ratio of 2.70 and a beta of 0.78. Waste Management, Inc. has a 52-week low of $194.20 and a 52-week high of $230.39. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89. The company’s 50 day moving average price is $211.89 and its 200-day moving average price is $211.74.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Wednesday, January 29th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Waste Management had a return on equity of 38.88% and a net margin of 12.45%. Equities analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Insider Activity at Waste Management

In related news, SVP Tara J. Hemmer sold 4,576 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $222.12, for a total transaction of $1,016,421.12. Following the transaction, the senior vice president now owns 58,765 shares in the company, valued at $13,052,881.80. The trade was a 7.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Rafael Carrasco sold 4,000 shares of the business’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $225.89, for a total transaction of $903,560.00. Following the sale, the senior vice president now owns 18,531 shares of the company’s stock, valued at $4,185,967.59. This trade represents a 17.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,055 shares of company stock worth $3,578,340 in the last quarter. Company insiders own 0.18% of the company’s stock.

Waste Management Profile

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.